European Investment Bank

From Longman Business DictionaryEuropean Investment BankˌEuropean Inˈvestment ˌBankabbreviation EIB nounBANKINGORGANIZATIONSan institution of the EUROPEANUNION that lends money for investment for roads, communications etc and business developmentinside and outside the EUThe European Investment Bank financed 30% of the new motorway linking Berlin and Warsaw at a cost of Ecu2.2 billion ($2.5 billion).